Amazon’s profit is suddenly going through the roof, fueling CEO Andy Jassy’s $100 billion AI spending spree to fight Google and Microsoft
The massive capex comes as Amazon's cloud and AI rivals up their spending. Google-parent company Alphabet, said on its most ...
5 Tests to Determine Whether Your Business Actually Needs AI
Companies are expected to spend $1 trillion on building up their generative AI capabilities. Yet no killer app—such as the ...
Amazon on pace for $100B+ in yearly capex; Jassy expects cost efficiencies to drive AI demand
Amazon CEO Andy Jassy says the trends represented by DeepSeek should stoke AI demand long-term. (GeekWire File Photo / Taylor ...
Yahoo Finance11d
Amazon CEO Andy Jassy says the race to adopt AI is just getting started: ‘This is like three steps into a marathon’
While Amazon’s generative AI efforts haven’t gotten as much attention as OpenAI’s ChatGPT—whose CEO Sam Altman was everywhere in Davos this week—Jassy said his company is building around ...
Indiatimes4d
Amazon CEO Andy Jassy, impressed by DeepSeek, says “we thought that was…”
Amazon CEO Andy Jassy has expressed his admiration for Chinese AI startup DeepSeek, specifically praising its innovative training techniques and inference optimizations. He also highlighted the ...
Indiatimes11d
When Amazon CEO Andy Jassy told employees: One of the reasons I'm still at Amazon is because it's not a ...
Amazon CEO Andy Jassy attributes the company's streamlined decision-making process to his continued leadership. As Amazon plans to cut thousands of middle management positions by March 2025 ...
New York Post7d
Amazon shares fall on struggle to keep up with AI demand despite plans for $100B in capital spending
Amazon shares dropped 4% on Friday after CEO Andy Jassy warned the company could face capacity constraints in its cloud computing unit — despite plans to spend $100 billion on capital ...
Benzinga.com8d
Amazon Says 1,000 GenAI Applications In Development, CEO Andy Jassy Sees 'Significant Productivity And Cost Savings'
Amazon.com Inc. AMZN is aggressively expanding its artificial intelligence capabilities, with CEO Andy Jassy revealing during the company’s fourth-quarter earnings call that approximately 1,000 ...